Hungary Restricts Online Casino Licenses To Two Terrestrial Operators

Amendment to Gambling Act comes into force October 1, 2015

According to Hungarian-focused news agency hvg.hu, the Hungarian parliament adopted an amendment to its Gambling Act Monday restricting online sports betting to state-owned Szerencsejáték Zrt., and online horse betting to state-owned Magyar Lóversenyfogadást Szervezö Kft.
According to the report, online casino concessions are restricted to the only two Hungarian land casino operators owned by Andy Vajna, a Hungarian/American film producer and Government Commissioner for the Hungarian Film Industry; and Gabor Szima from Debrecen, the majority shareholder of DVSC Football Zrt.
The two men will effectively own the Hungarian online and terrestrial casino market with Vajna reportedly awarded 5 and Szima 2 free online casino concessions as an addition to their existing terrestrial concessions at no further charge.
The amendment, passed by a 126 to 65 vote in the National Assembly, will enter into force on October 1, 2015.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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